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⚫️A total of 40m axle sets globally produced since 1994
⚫️A total of 7.9m axle sets produced in China since 2003
⚫️Shenyang Tiexi Plant will be put into use in 2025
⚫️Continuous growth prospects through strong order intake and outsourcing trend
⚫️Global sales increase expected from actual US Dollar 4.4 bn (Euro 4bn) to 8.8 bn (Euro 8bn) in 2029
29.08.2024 Osnabrueck # The global automotive supplier ZF Foxconn Chassis Modules (ZFFCN) expects to double its annual sales from actual US Dollar 4.4bn to US Dollar 8.8bn until 2029. Contrary to the situational decline in the global automotive market, ZFFCN is benefiting from a strong order intake of top tier OEM also for its China-based plants and ongoing outsourcing trends.
Now, Tiexi plant will put into use in 2025 for additional volume production.
Meanwhile, ZFFCN celebrates 30 years of chassis modules excellence in all its 25 international locations. Today ZFFCN looks back on 30 years of axle modules assembly. The supplier legacy of the 50-50 joint venture between ZF Friedrichshafen AG and Foxconn (Hon Hai Technology Group) traces back to August 1994, when the first axle sets left the plant in Duncan (USA) towards customer BMW. Since then, the customer proximity, logistics, and assembly expertise are valued through long-lasting partnerships with the world’s leading OEM such as BMW, Mercedes-Benz, Stellantis, and Jaguar Land Rover.
Eike Dorff, CEO of ZF Foxconn Chassis Modules explains:“Today we have two good reasons to celebrate. Firstly, for thirty years our valued teams around the world have proven that our chassis modules expertise is market-leading. Experience, adaptability, unconditional customer focus, and passion remain our guarantors for the client’s success. We are very grateful for our customers, partners, and shareholders for their trust in us. And secondly, Iam very content, that our recent strong order intake leads to long-term business growth for our Chinese business and attracts new customers.”
Dr. Xu Jun, ZF Foxconn Chassis Modules China Vice President adds: “Celebrating 30 years of chassis modules excellence overall and 21 years of successful axle systems business in China, is a remarkable testament to the loyalty of our customers and the hard work of our team. I am really happy to celebrate this achievement today and feel grateful for all partners accompanying our success story in China. With great pride and excitement our team is looking forward to several new contracts and the erection of a brand-new plant in China.”
Growth perspective in China: New plant in Tiexi district and new car models Additionally to the 2 existing axle module production for 11 different car models from 2 top tier OEM in Shenyang and Beijing plants, ZFFCN will start the production of front and rear axle sets for a new platform in 2026 at Beijing plant. Furthermore, the existing ZFFCN Shenyang plant is expected to start production of an additional, completely new vehicle platform by the year 2028 in a larger volume. Meanwhile the new plant in Tiexi District will start operations in 2025 for additional volume production.
Business Excellence for renown and disruptive customers
With an unparalleled quality management, agile JIT/JIS processes, and a technology-open approach, ZFFCN plans to evolve its region’s services to attract new customers especially from China’s vast New Electric Vehicle (NEV) portfolio. ZFFCN’s Taiwanese shareholder Foxconn provides additional market proximity and technology know-how throughout the whole AP region.
Technology-open approach
ZFFCN strives to be at the fore front of the automotive industry, leveraging its expertise in logistics, operations, industrialization, and engineering to deliver added value to a variety of different customers. Many years of portfolio experience and adaptability enable ZFFCN to support its customers globally in a technology-open manner offering services for Combustion Engine (ICE), Hybrid or Fully Electric/ Battery Electric (BEV) vehicles.
Visual: ZFFCN_PI_Chassis Modules Production_Logistics
About ZF Foxconn
ZF Foxconn Chassis Modules is a 50-50 joint venture between ZF Friedrichshafen AG and Foxconn (Hon Hai Technology Group), founded in 2024. With its 25 locations and 3,600 employees worldwide, the actual company stems from a former ZF product line and therefore can draw on 30 years of experience in the field of axle system assembly in a Just in Time/Just in Sequence (JIT/JIS) environment. ZFFCN ensures a global tailor-made full- service approach for the automotive industry by committing to agile project management and close customer proximity. The joint venture provides industrialization, supply chain management, supplier development, and highly integrated assembly operations on global level.
For more information about the ZF Foxconn: Corporate website: Home - ZF Foxconn (zffcn.com)
